Fuel crisis nerves return as oil price surges on Hormuz stand-off | ABC NEWS

By ABC News (Australia)

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Oil prices have surged more than 10 per cent after tensions reignited in the Middle East. A renewed stand-off over the Strait of Hormuz saw the sharp lift on the oil market, which is expected to move down the supply chain to the petrol pump. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-07-14/oil-spike-could-mean-higher-fuel-prices-for-motorists/106912172 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia

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